OpenAI plans transition to for-profit public benefit corporation

OpenAI announced plans to restructure as a for-profit public benefit corporation (PBC), moving away from its current non-profit model. This change aims to attract more investment and allow the company to raise capital more effectively. The new PBC structure will enable OpenAI to balance shareholder and stakeholder interests while pursuing public benefits. The non-profit arm will focus on charitable initiatives, particularly in health care. This decision follows a tumultuous period for OpenAI, including the unexpected firing and reinstatement of CEO Sam Altman. The company faces pressure from investors to adopt a traditional for-profit model, despite potential legal challenges.